April 20, 2012 09:00 ET

SEI Partners With AGF Investments to Provide Fully Integrated Collective Investment Trust Solution

Partnership Extends Company's CIT Leadership as Managers Seek Faster Entry Into Retirement Space

OAKS, PA--(Marketwire - Apr 20, 2012) - SEI (NASDAQ: SEIC) today announced that it has partnered with AGF Investments America Inc. (AGFA) to provide a fully-integrated suite of Collective Investment Trust (CIT) services. The deal is the latest CIT offering for SEI, further extending its leadership position in one of the fastest growing segments of the defined-contribution retirement market.

AGFA, a subsidiary of global investment management firm AGF Management Limited, and SEI chose to partner with each other in order to support AGFA's investment strategies' entrance into the U.S. CIT market. SEI's comprehensive suite of CIT services includes trustee and investment management services, accounting, administration, transfer agent, plan-level servicing, and retirement platform relationship management. AGFA's unique investment strategies, coupled with SEI's turnkey solution and strong leadership position in the CIT industry were pointed to as key reasons for the partnership.

"When you look at the operational landscape in the CIT market, SEI is a clear market leader with demonstrated experience in providing CIT trustee, investment management and related support services," said Thomas Clancy, Vice-President, Head of U.S. Distribution for AGF Investments America Inc. "We are confident that SEI's team can implement and support our recommended investment strategies as we build our business in the U.S. defined contribution market."

"CITs have become very popular recently, but we have been committed to the market for the better part of two decades," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division. "We've continually invested in people and technology to help the investment advisors for our CIT products access the infrastructure, expertise, and depth of services necessary to meet their evolving business needs. We look forward to partnering with AGFA to help them better serve their clients as they grow here in the U.S."

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client's business objectives. SEI's resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by the Money Management Institute as "Service Provider of the Year," by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Single Manager Hedge Fund Administrator (Over $30B AUA)" in the U.S. and "Best Administrator - Technology Provider" in Europe. For more information, visit

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. For more information, visit

About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With approximately $48 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.